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Madhvani Earmarked 700Million Scholarship

As its routine corporate social responsibility to support bright and disadvantaged youth in pursing higher education, Madhvani Group has earmarked sh 700million scholarship sponsorship to support students in pursing higher education this academic year.

Hon Gerald Sendawula the chairman Muljibhai Madhvani Board said this sponsorship is targeting the less privileged students with qualifications to join university in various disciplines

“We can’t forget that there are many A’ level student who perform very well but are not taken by government due to limited resources. This is an opportunity to ensure that they pursue their dreams ” Sendawula said.

He noted that with annual increase in the number of A level students who fail to join university, the Madhvani foundation has put in place shs700 million to sponsor students joining university under the undergraduates and postgraduate programs

Since inception Madhvani foundation injected Shs 8.5billion and benefitted 2,240 students.

The Muljibhai Madhvani Foundation is a Charitable Trust and  One of the Foundation’s primary objectives is to maintain and promote scientific and technical education among the people of Uganda.

Madhvani instituted programme in 2003

It is in pursuit of this objective that the Board of Trustees of the Foundation set up a Scholarship Committee and instituted a scholarship programme in 2003 to enhance the building of capacity among Ugandans in scientific and technical education.

The scholarship programme has been in operation since 2003/04 academic year and covers tuition fees only from second year to completion for undergraduates; and, for the entire programme of study for graduate students from the time of application/award.

The Madhvani Group is one of the largest diversified private-sector groups in East Africa, employing over 10,000 people. Starting in Uganda in 1914, the Group has developed into a widely-diversified conglomerate with a geographical spread into various African countries, the Middle East, India and North America. The Group’s current turnover in Uganda exceeds USD 500 million. The Group’s assets in Uganda are valued in excess of USD 1 billion, with several units undergoing major expansion.

The Group is the largest private-sector investor in industry in Uganda, with a substantial presence in the following: agriculture and agro-processing, sugar-cane,tea, floriculture, sugar, sweets & confectioneries,packaged tea,soap,packaging (glass, corrugated cartons, crown corks, etc.),steel (rolling, wire-drawing, etc.)

In the growing services sector of Uganda, the Madhvani Group has a presence in: hotels & tourism, insurance, information technology,media& communications, construction,distribution of industrial products and consumer durables.

The flagship of the group is Kakira Sugar Works, which was formed in 1985 to take over the old assets of Madhvani Sugar Works Ltd in Eastern Uganda.- a factory that was no longer operational and a nucleus estate that had reverted to bush. Under the Group’s management, the Kakira sugar complex has been fully rehabilitated with original financing from World Bank, African Development Bank and Uganda Development Bank.

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